Reverse Mortgages: Older Homeowners Cautioned The Financial Industry Regulatory Authority urged homeowners over the age of 60 to carefully weigh their options before tapping into their home equity through reverse mortgages to obtain additional income for their retirement years. The group, formed by a merger of the NASD and some regulatory functions of […]
Cooling Bills: Cutting Costs This Summer
Cooling Bills: Cutting Costs This Summer Air conditioning is an expensive way to stay cool, but there are ways to chill your house without burning up your bank account. Money editor Stacy Johnson takes a look at a few ways in this short video (runs 1:41).
Credit Score: Do Something Before It’s Too Late
Credit Score: Do Something Before It’s Too Late Making sure you have a good credit score is more important today than ever before. Not only is it crucial to helping you get the best interest rates possible when applying for any type of loan, it could mean the difference as to whether you can […]
Negotiating with Your Lender
Negotiating with Your Lender You’re behind on your mortgage, and you want to save your house. It’s time to talk turkey with your lender. But what do you say and who do you say it to? In this short (1:32) video, Money Talks correspondent Stacy Johnson offers some tips. Leave any […]
The Real Estate Crisis: Congress Expected to Fail
The Real Estate Crisis: Congress Expected to Fail An over-whelming majority surveyed say the U.S. Congress will fail in its attempt to solve the nation’s real estate crisis. That, according to a new poll conducted by Housing Predictor. The online survey clearly indicated that Americans are fed up with Congressional failures, the government’s […]
Foreclosures Causing More Divorces?
Foreclosures Causing More Divorces? The financial pressure that comes with an escalating house payment or a foreclosure may indeed be playing a role in breaking up marriages, experts say. Historically, the three most likely reasons for foreclosure problems are: loss of job, loss of health and loss of spouse. On top of that, […]
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